The financial results for the period ended March 31, 2018 are finally out .Diego Pellicer Worldwide Inc (OTCMKTS:DPWW) unveiled the results today and it is quite evident that fiscal 2018 was a good turn for the business guru considering that it reported a net income of $1,860,646 which is a significant rise considering that in for the same period the previous year it reported a loss of almost $1,308,811.
Plans to trade in California
As we progress, the cannabis industry continues to present lucarative opportunities for the various businesses around the globe. Diego Pellicer Worldwide, Inc isn’t leaving anything to chance and that is the reason it has been exploring the expansion of its brand in what several market observers have termed an active way. It hopes that within a short period of time it will have managed to take over California and with the various strategies laid down it is sure to accomplish that dream.
The chief executive officer of Diego Pellicer Worldwide, Inc Ron Throgmartin opined, “Having a proven business model with premium branding – including Diego Pellicer retail tenants in Seattle and Denver – plus a wealth of operations experience, we expect a positive reception in that state and as we pursue additional opportunities in cannabis retail and real estate.”
The latest appointment
Much has been happening lately in a quest to generate more revenues. Changes have been made in terms of how the internal operations and management are run. This premium marijuana brand and retail development company has brought onboard Nello Gonfiantini. The newly appointed official is known to be a forward-thinking leader in real estate investment, banking, financial services and above all emerging growth companies.
He is taking up the position of chief strategy officer (CSO) and the company will be counting on his long-term experience to help it cruise higher in terms of achieving immense business growth.
Asides from that, he will also be one of the board members and through team work the board is expected to formulate progressive strategies that will see the company rise a notch higher in a market characterized with stiff completion. Gonfiantini has in a major way helped shape how the brand is evolving.